Million Deal: Monaco (MCO) takes over the domain Crypto.com

Domain selling can be an attractive business. For the sellers, however, it is said to be particularly patient until a buyer finds enough money for the matching domain on the table.

According to TechCrunch, the highly sought-after domain Crypto.com is now being transferred to Monaco for millions of dollars – a blockchain startup that will soon launch crypto credit cards.

“Crypto.com is not for sale”

Since registration in 1993 by Matt Blaze, a professor of computer and information science at the University of Pennsylvania, the domain has sparked much interest among many blockchain startups. But Blaze relentlessly stated that the domain is not salable.

Apparently, the scientist has changed his mind in the meantime. A message that Monaco issued today to customers states:

“Today Monaco announces […] the transition to CRYPTO.com […] CRYPTO.com gives us a strong new identity in line with our original vision of bringing crypto currency into every wallet.”

Experts told The Verge that the domain could be sold for up to $ 10 million, but the exact amount is currently unknown. Monaco CEO Kris Marszalek declined to comment: “This is not primarily about money,” he said.

In June 2017, Hong Kong-based Monaco raised $ 25 million of cryptocurrencies in the ICO. Today, the value of Bitcoin and Co. is said to be close to $ 200 million on the company’s balance sheet.

MCO card to be delivered in the summer

The Monaco card itself is currently in a trial phase for a small group of users. The MCO team said the card will be available to all customers in Singapore and Europe this summer. Meanwhile, around 70,000 customers are waiting for their card.

For the premium model “Obsidian Black”, Monaco requires from its customers, a possession of 50,000 MCO (Monaco tokens). According to Live Coin Watch, MCO is currently trading at around $ 8.44. Customers would therefore have to hold MCO worth $ 422,000 to get possession of Obsidian Black.

For those who are satisfied with less cash back, Monaco also offers alternatives like the “Ruby Steel”